The Rajasthan Electricity Regulatory Commission (RERC) approved ₹3.14 (~$0.04)/kWh as the pre-fixed levelized tariff for the Component A of the KUSUM program for capacities of up to 725 MW.
The Commission also advised the distribution companies (DISCOMs) to pursue the matter with the Ministry of New and Renewable Energy (MNRE) to increase the allocation under the Component A so that procurement-based incentive (PBI) is available to the DISCOMs.
Component A under the KUSUM program refers to setting up 10 GW of decentralized ground-mounted grid-connected solar projects of individual project size of up to 2 MW.
On behalf of the DISCOMs, the Rajasthan Urja Vikas Nigam Limited (RUVNL) earlier filed a petition for the determination of a pre-fixed levelized tariff for projects under Component A of the KUSUM program.
The Commission in its earlier order had set the levelized tariff under Component A as ₹3.14 (~$0.04)/kWh, adding that this would act as the ceiling tariff for the competitive bidding for solar projects, and RUVNL may initiate a competitive bidding process for Component A.
RUVNL had requested the Commission to extend the pre-fixed levelized tariff of ₹3.14 (~$0.04)/kWh already determined by the Commission for 325 MW under Component A of the program to 725 MW.